Real estate activity in Algiers LA 70131 (excluding English Turn/Lower Coast)
153 single family homes are for sale
- High list price $499,000
- Low list price $15,000
- Average list price $149,547
- Median list price $139,000
47 homes are under contract/pending sale
- High list price $299,000
- Low list price $29,000
Based on 1st quarter 2012 sales, there is a 12 month supply of homes for sale in Algiers.
Homes sold in Algiers LA 70131
As of the end of the 1st quarter, there were a total of 39 single family homes sold in Algiers (70131), down from 62 at the same time last year. It appears that the rally in sales we experienced in 2011 was mostly due to low end sales of homes to investors and do-it-yourselfers who were snapping up the bottom price ranges.
Home prices in Algiers LA 70131
While the number of sales has dropped significantly, average prices, while down, have not taken a huge plunge. That’s the good news. The bad news is that the 5 year trend for sales in the 70131 zip code continues to show a year over year decline in prices. Much of this is due to the condition of properties being purchased (more than half were in Average or less condition) and the number of foreclosures and short sale being sold (46% of sales in 2012).
Remember, these are averages prices for the entire community and your neighborhood may or may not be experiencing the same market.
All data provided by GSREIN and is deemed reliable, but not guaranteed
More about Algiers home sales
- Days on market is holding steady at an average of 108
- Foreclosures and short sale made up 46.15% of homes sold in 2012, up 2.7% from last year
- 21% of sellers provided a home warranty, down from 31% in 2011
- 38% of sellers provided closing cost assistance to buyers, down from 39% in 2011
Questions about buying or selling in Algiers? Feel free to contact us. We’ll be happy to share our market knowledge with you.
